Five companies in race to acquire Sterling Biotech: Click to see the names…
Sterling Biotech and its subsidiaries - Sterling SEZ and Sterling International - collectively owe Rs 15,000 crore to operational and financial creditors./ Last month, the liquidator had invited bids for the liquidation process of Sterling Biotech to sell it as a going concern at a reserve price of Rs 548.46 crore. Lovkesh Batra, a member of the Mamta Binani-led liquidation team told NEWSBYTS,that the shortlist of entities looking to acquire the world's sixth-largest manufacturer of pharmaceutical gelatin has been pared from about a dozen aspirants. "The qualified…